China Rural Commercial Bank Report, 2007
Since the radical reform of the rural credit cooperatives in
2003, great strides have been made in the reform of the
property right system and the corporate governance. On the
whole, the management ability and the risk resistant ability
and the service standard of the rural cooperative financial
institutions show a remarkable improvement. Its status as
the mainstay of supporting rural development has been
further consolidated. Especially a more notable progress
has been made in the creation of a group of rural
commercial banks based on the principle of shareholding
system. The rural commercial banks have basically
got onto the track of healthy development and have
fundamentally obtained the necessary qualification to make
a transition to modern financial rural enterprises.
List of China Rural Commercial Banks
By the end of Sep. 2007, the outstanding nonperforming loans or NPL of the all rural commercial
banks has reached RMB13.51 billions, reducing by
RMB 1.92 billions compared with the end of last year.
The NPL rate was 4.2%, 1.7 percentages points lower
than that at the end of last year.
Encouraged by the listing of some urban commercial banks,
including Bank of Beijing, China rural commercial banks are
eager to follow suit. In Nov. 2007, Jiangsu Offices of China
Banking Regulatory Commission confirmed that four rural
commercial banks, namely Zhangjiagang Rural Commercial
Bank, Wujiang Rural Commercial Bank, Jiangyin Rural
Commercial Bank and Changshu Rural Commercial Bank,
have received the training for their initial public offering. On
June 19, July 24, and August 2 of 2007, the four banks
began to receive the IPO training from Huatai Securities,
Co., Ltd. and Guotai Jun'an Securities Co., Ltd. and CITICS.
Besides the four banks, rural commercial banks in Xizhou,
Wujin, Dongwu and other places in the province have begun
to make primary preparations for listing by contacting
agencies to absorb strategic investors for recapitalization. In
December 2007, it was reported that Zhangjiagang Rural
Commercial Bank has got approval for its IPO from China's
top banking regulator, indicating that the bank is expected to
be the first rural commercial bank in China to go public.
However, the official IPO still requires the approval from
China Securities Regulatory Commission.
Zhangjiagang Rural Commercial Bank is China's first
rural commercial bank, which was established through
restructuring of rural credit cooperatives. The bank was
open to business on November 28th 2001. By the end
of September in 2007, the bank, with a registered
capital of RMB543 million, has had a total of 785 staffs,
32 branches and 51 sub-branches, meanwhile its total
assets have reached RMB 24.22 billions and its net
assets has totaled RMB 2.33 billions. By the end of
September of 2007, the bank's outstanding deposits
and outstanding loans have stood at RMB19.33 billions
and 13 billion respectively, an increase of RMB14.23
billion and RMB9.62 billions compared to November
2001.The bank gained a total net profits of RMB344
millions in the first quarters of 2007.
Key Targets of 2006 Zhangjiagang Rural
Commercial Bank (unit: %)
Jiang Dingzhi, vice-chairman of China Banking
Regulatory Commission or CBRC, believes that the
purpose of rural commercial banks to get listed is to
promote the building of a modern corporate governance
system of financial institutions. CBRC will firmly support
the qualified rural commercial banks to go public and
encourage the rural commercial banks to have transregional mergers and acquisitions After the launch of
the policy on reforming China's rural financial
system, especially after the launch of the policy to build
socialist new rural area, the economic level of rural area
has been improved and risks accordingly has been
reduced. With the economic development in the rural
area and related policies to be put in place, the value of
investment in the rural commercial banks will gradually
come into being. Meanwhile, with accelerated
pace of China's economic development, more and more
foreign financial institutions and investors will show
interest in investment in rural commercial banks.
China's rural commercial banks market has a good
potential for development.
•
•
•
1 Status Quo of China Rural Financial Market
1.1 System and development of China rural
financial institutions
1.1.1 History of the development of China rural
finance system
1.1.2 Development of rural credit cooperatives
1.1.3 Regular financial organizations
1.1.4 Irregular Private financial institutions
1.2 Problems of China rural financial market and
solutions
1.2.1 Problems
1.2.2 Solutions
2 Development of China Rural Commercial
Bank
2.1 Status quo of China Rural Commercial Bank
2.1.1 Background of rural commercial bank
establishment
2.1.2 Development of oversea rural commercial
bank
2.1.3 Status quo of China rural commercial bank
2.2 Problems and solutions of China rural
commercial bank at present
2.2.1 Problems
2.2.2 Solutions
3 Status Quo of China Rural Commercial Bank
3.1 Zhangjiagang Rural Commercial Bank
3.1.1 Profile
3.1.2 Financial indice of Zhangjiagang Rural
Commercial Bank,2006
3.1.3 IPO Plan
3.2 Jiangyin Rural Commercial Bank
3.2.1 Profile
3.2.2 Financial indice analysis
3.2.3 Analysis of developmental advantages
3.3 Changshu Rural Commercial Bank
3.3.1 Profile
3.3.2 Financial indice of Changshu Rural
Commercial Bank, 2006
3.3.3 Development plan of Changshu Rural
Commercial Bank, 2007
3.4 Shanghai Rural Commercial Bank
3.4.1 Profile
3.4.2 Financial indice of Shanghai Rural
Commercial Bank, 2006
3.4.3 Development of Shanghai Rural Commercial
Bank
3.5 Beijing Rural Commercial Bank
3.5.1 Profile
3.5.2 Financial indice of Beijing Rural Commercial
Bank, 2006
3.5.3 Core competitiveness of Beijing Rural
Commercial Bank
3.6 Shenzhen Rural Commercial Bank
3.6.1 Profile
3.6.2 Financial indice of Shenzhen Rural
Commercial Bank, 2006
3.7 Wujiang Rural Commercial Bank
3.7.1 Profile
3.7.2 Financial indice of Wujiang Rural
Commercial Bank, 2006
3.7.3 Development plan of Wujiang Rural
Commercial Bank, 2007
3.9 Wujin Rural Commercial Bank
3.9.1 Profile
3.9.2 Financial indice of Wujin Rural Commercial
Bank, 2006
3.10 Xizhou Rural Commercial Bank
3.10.1 Profile
3.10.2 Financial indice of Xizhou Rural
Commercial Bank, 2006
3.11 Kunshan Rural Commercial Bank
3.11.1 Profile
3.11.2 Financial indice of Kunshan Rural
Commercial Bank, 2006
3.12 Dongwu Rural Commercial Bank
3.12.1 Profile
3.12.2 Financial indice of Dongwu Rural
Commercial Bank, 2006
3.13 Wuhu Yangtse Rural Commercial Bank
3.14 Hefei Technology Rural Commercial Bank
3.15 Ningbo Yinzhou Rural Commercial Bank
3.15.1 Profile
3.15.2 Financial indice of Yinzhou Rural
Commercial Bank, 2006
•
4 Development Trend and Investment
Opportunity of China Rural Commercial Bank
4.1 Development advantages of China Rural Com
mercial Bank
4.1.1 Government encouragement to develop rural
financial institutions
4.1.2 Farmers' increasing financial awareness
4.1.3 Development of China rural financial market
attracts foreign investment
4.2 Development tendency of China Rural
Commercial Bank
4.2.1 Dedicate to develop retail banks
4.2.2 Provide customer zed product service to
meet different demand
4.2.3 Improve risk management of rural
commercial banks
4.2.4 Speed up the development of China Rural C
ommercial Bank by innovative measures
4.2.5 Prompt China Rural Commercial Bank to be
listed progressively
4.2.6 Improve rural commercial bank development
through cooperation between banks and
governments
4.2.7 Experience transformation
4.2.8 Commercialize rural credit cooperatives
4.2.9 Guide rural financial market by the rural
credit loan
4.3 Investment opportunity of China Rural
Commercial Bank
4.3.1 Lack rural financial institutions
4.3.2 Develop small amount credit business
4.3.3 Develop modern rural financial market
Structure of China rural financial system
Total assets of several commercial banks
Proportion of small and medium-sized enterprises' loan to the total loan of rural
commercial bank at the end June in 2006
Capital structure and changes of Zhangjiagang Rural Commercial Bank, 2006
Average balance of the deposit & loan and yearly average deposit rate & loan rate of
Zhangjiagang Rural Commercial Bank, 2006
Performance on achieving the major index of Zhangjiagang Rural Commercial Bank,
2006
Major financial data and indice of Changshu Rural Commercial Bank, 2006
Profit of Changshu Rural Commercial Bank, 2006
Major accounting data and financial indice since the first three years of the report term of
Changshu Rural Commercial Bank
Supplementary financial indice since the first three years of the report term of Changshu
Rural Commercial Bank
Major financial data of Shanghai Rural Commercial Bank, 2006
Major accounting data and financial indice since the first two years of the report term of
Shanghai Rural Commercial Bank
Loans balance of Beijing Rural Commercial Bank
Deposit balance of Beijing Rural Commercial Bank
Major Risk Management indice from previous time to the end of 2006
Profit of Shenzhen Rural Commercial Bank, 1996-2006
Assets of Wujiang Rural Commercial Bank, 2006
Main types of loans, balance and yearly average loan rate
Capital structure of Wujin Rural Commercial Bank, 2006
Major profit indice of Wujin Rural Commercial Bank, 2006
Major financial data by the end of the report term of Wujin Rural Commercial Bank
Supplementary financial indice by the end of the report term of Wujin Rural Commercial
Bank
Capital structure of Xizhou Rural Commercial Bank
Major profit indice of Kunshan Rural Commercial Bank, 2006
Major financial data by the end of the report term of Kunshan Rural Commercial Bank,
2006
Supplementary financial indice by the end of the report term of Kunshan Rural Commercial
Bank, 2006
Operation performance of Yinzhou Rural Commercial Bank
Quantitative goal realization of Yinzhou Rural Commercial Bank
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